All Financial Results articles – Page 69
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News briefs
Decathlon's sales fell by 10.7% in Spain in 2020
Decathlon’s sales in Spain fell last year by 10.7 percent to €1,526 million including VAT, due to Covid-related restrictions, but the online channel grew by 126 percent to represent 18 percent of the total turnover. The number of stores rose by two to a total of 174, but their sales ...
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Article
Updated: Nike performs much better than estimated
A few hours before the release of Nike’s results at 10:15 PM CET yesterday, 24 out of 30 financial analysts were recommending that its shares should be purchased, according to the Wall Street Journal, giving an average price target of $163.34 against a current stock market price of around $134 ...
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Article
Big profit on investments lifts China Dongxiang’s results
A 269 percent gain in investment income boosted operating and net earnings at China Dongxiang for the financial year ended March 31. While its revenues went up by 27.8 percent to 1,970 million yuan remimbi (€255.0m-$304.5m), the Chinese sportswear company’s net income showed a fourfold increase to RMB 1,811 million ...
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News briefs
Higher broadcasting revenues limit ManU’s sales decline
The net loss of Manchester United narrowed by 20.6 percent to £18.1 million (€21.1m-$25.2m) in the third quarter ended March 31, in spite of a drop of 4.4 percent in overall revenues to £118.3 million (€138.0m-$164.5m). Adjusted Ebitda declined by 48.4 percent to £14.4 million (€16.8m-$20.0m), however. As all the ...
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Article
Amer will contribute to double Anta’s H1 net profit
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group. In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, which we ...
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News briefs
Hummel foresees a rebound after a poor year
Because of its extensive exposure to grassroots and team sports, which were closed by the Covid pandemic, Hummel has reported poor results for 2020. The Danish company’s sales declined to DKK 1,347 million (€181.1m-$219.4m) last year, despite the opening of new foreign subsidiaries in 2019 and the takeover of Halo ...
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News briefs
Sport-Tiedje grew by 55% last year, thanks to e-commerce
The German-based Sport-Tiedje Group, which claims to be still Europe’s largest retailer for home fitness products, has reported a 55 percent sales increase to €203 million for last year, with growth in all European countries, as higher online revenues compensated for the partial closure of its 65 stores in the ...
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News briefs
Goldwin sets new financial and sustainability goals
Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its home ...
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News briefs
Online sales account for 17.3% of El Corte Inglès’ retail sales
El Corte Inglés, the leading Spanish department store chain, is a major factor in the country’s sporting goods market. The company reported a 19 percent decline to €10.52 billion in revenues from its retail business in the 2020 financial year, due to the Covid-19 pandemic. The drop would have been ...
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News briefsWolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine Worldwide provided a business update stating that the company expects second-quarter 2021 revenues the comparable figures for the second quarter of 2019. The company noted that its performance ...
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Article
Sales more than double at Blue Tomato’s parent
Exceeding the financial analysts’ projections, global sales jumped by 102.6 percent to $279.1 million in the first quarter ended May 1 for Zumiez, the U.S.-based action sports retailer whose assets include the physical and online shops of Blue Tomato in Europe. The strong performance led the company to post a ...
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Article
Lululemon’s Q1 sales leaped by 88%, showing accelerating trends
Lululemon Athletica’s share price jumped by 12 percent the day after the company announced very strong growth in sales and earnings for its first quarter, ended on May 2, beating analysts’ estimates. As customers returned to its brick-and-mortar stores and the e-commerce business continued to expand, albeit at a lower ...
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Article
ANWR’s financial services offset declines at retail
The German-based ANWR Group, whose holdings include the Sport 2000 business in Germany, Switzerland and the Benelux countries, looks back on a challenging year in its annual report. Despite the difficult situation in the retail sector caused by the Covid-19 crisis, the operating result shows a slight increase to €17.8 ...
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News briefs
Buff reports 63% growth in the past year
Buff closed its fiscal year on April 30 with record sales of €85 million, a growth of 63 percent as compared to the previous year. The Spanish neckware and headware company attributed the good performance to the boom in outdoor sports and the production of protective equipment during the pandemic. ...
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ArticleA drop of 9% at Sport 2000 International
Sport 2000 International reports a decline in the retail sales of its affiliated members of almost 9.0 percent in terms of euros to €4,326 million in 2020, due to the pandemic. The figure includes VAT and applies to the 3,615 stores managed by retailers in 22 countries by the end ...
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Article
Improving results at retail in Japan
Improving results have been reported by the three major Japanese sports retailers. Xebio finished its own fiscal year on March 31 with a second sequential quarterly increase in revenues, but not enough to offset previous declines. Its net income for the full financial year inched up to ¥412 million (€3.1m-$3.8m) ...
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Article
Some more Japanese brands are turning the corner
Besides Asics, Mizuno and Goldwin, whose latest results have already been covered, some other Japanese companies have reported better results for the three months of 2021. The foreign exchange impact was slight. For one of them, Yonex, this was insufficient to record an improvement for the full financial year, however. ...
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Article
Topsports’ annual revenues grew by 7%
Topsports, the leading Chinese sports retailer and distributor, which previously belonged to Belle International, has reported a 20 percent increase in net income to 2,770.1 million yuan renmimbi (€355.0m-$401.5m) for the financial year ended Feb. 28 on a 7 percent increase in sales to RMB 36,009 million (€4,014.0m-$5,218.7m). The gross ...
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News briefs
Munich’s sales decline year-on-year but beat 2018’s
Munich, the Spanish brand of sports and lifestyle sneakers, has reported sales of €40.9 million for 2020, down 8 percent year-on-year, but still up from 2018. The Catalonian shoe brand says the effects of Covid-19 were “significantly more favorable than projected.” About 88 percent of the revenues were generated in ...
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Article
Goldwin turns around in Q4, budgets 10% growth
Goldwin’s sales fell by 7.6 percent to ¥90,479 million (€678.0m-$830.5m) in the financial year ended March 31, 2021, while operating profit declined by 15.1 percent to ¥14,838 million (€111.2m-$136.2m), better than a forecast made in February for declines of 10.1 percent and 28.5 percent, respectively. Attributable earnings inched down by ...
